Many subscription leaders tell me, “My team has been implementing retention strategies but it’s making churn worse.” Ironic, but Yes, I see it a lot. Unfortunately, some churn rate reduction strategies are counter intuitive. Plus, there’s one mistake that appears to work initially, but usually backfires, causing high churn rates that can’t be stopped. This episode of Be Unleavable® Subscription … Continued
Why annual subscriptions are the key to Be Unleavable growth
What’s the fastest way to increase recurring subscription revenue? Click here to find out. There’s ONE place where the biggest subscription brands come together each year to share best practices, discover what’s working and to build lasting personal relationships. Increase your monthly recurring revenue by offering annual subscriptions FIRST! Yes, that’s right, annual subscriptions INCREASE recurring revenue compared with monthly. … Continued
Subscription Growth Secrets
Where do you discover the subscription growth secrets of the world’s biggest subscription brands? Click here to find out. There’s ONE place where the biggest subscription brands come together each year to share best practices, discover what’s working and to build lasting personal relationships. That’s the Subscription Show. This week Kathy joins me to give you the details on the … Continued
Creates Costco-type mania for you
What are the best customer retention strategies of Costco, that you could emulate and grow your own business? Click here to find out. Not only does Costco have customer retention numbers that are off the charts positive, they also have some zealot customers who take their love for Costco to extremes. You may think that only a company Costco’s size … Continued
Increase Prices to Grow Recurring Revenue
How do you raise subscription prices without losing so many members that you end up with lower revenue? Raising prices is necessary in today’s inflationary times. But many subscription businesses are making the same big mistake, relying on past value to justify future subscription rate increases. Instead, here’s a checklist to raise prices, retain as many subscribers as possible and … Continued
New Disney Prime Subscription?
How do you add a NEW, higher priced subscription level to your business, without competing with, or cannibalizing your EXISTING offerings? Click here to find out. The Wall Street Journal reports that Disney is creating a subscription offering similar to Amazon Prime. Dubbed internally as ‘Disney Prime’, it’s designed to be a mainstream offer that can attract many millions of … Continued
Industry Disruption or Failure?
After its epic high-profile crash in 2018, what does the relaunch of Movie Pass teach us about running a successful subscription business? Click here to find out. Subscription models disrupt many industries. The convenience, economics, and customer value enable companies to dominate competitors. And, then there are situations where a subscription model leads to failure. There are four key drivers … Continued
Case Study – Unlimited Car Wash Subscription
How would you like to own a business with minimal labor that makes $1 to $2.5 million a year, with 50% of that, pure profit? Click here to find out. Investors have discovered the thriving business of car washing, all due to subscriptions. Car washes without subscriptions suffer from the high competition, bad economics pushing price down, no loyalty with … Continued
Recession Busting Subscription Growth
How do you continue to grow your recurring subscription revenue during a recession? Click here to find out. During recessions, when consumers are experiencing layoffs, seeing friends laid off, and hearing about layoffs on social media, they cut back their subscriptions. And, while subscription businesses outpace the market during upturns, they can also outpace the downside as subscriptions are really … Continued
Monthly vs. annual payments, which is better?
There are three primary subscription terms, trial, monthly, and annual subscription. Which is best? Trial subscriptions have the highest conversion rates because they are discounting the monthly subscription charge by 80-90 percent. They have a higher churn rate than the others but usually result in more members after 12-months because of the superior front-end conversion rate. Use it if you … Continued